88 Action on applications  

  • DEPARTMENT OF BANKING

    Action on Applications

    [33 Pa.B. 362]

       The Department of Banking, under the authority contained in the act of November 30, 1965 (P. L. 847, No. 356), known as the Banking Code of 1965; the act of December 14, 1967 (P. L. 746, No. 345), known as the Savings Association Code of 1967; the act of May 15, 1933 (P. L. 565, No. 111), known as the Department of Banking Code; and the act of December 19, 1990 (P. L. 834, No. 198), known as the Credit Union Code, has taken the following action on applications received for the week ending January 7, 2003.

    BANKING INSTITUTIONS

    Holding Company Acquisitions

    DateName of CorporationLocationAction
    12-31-02Fidelity Bancorp, Inc.
       Pittsburgh, to acquire
       First Pennsylvania Savings
       Association, Pittsburgh
    PittsburghEffective

    Consolidations, Mergers and Absorptions

    DateName of Bank LocationAction
    9-27-02Royal Bank of Pennsylvania
    Narberth,
    Montgomery County
    NarberthEffective
    Purchase of assets/assumptions of
    liabilities of one branch office
    of the bank, Woodbury, NJ
    located at:
    Cross Keys Commons Shopping
       Center
    3501 Route 42
    Woodbury, Glouchester County, NJ
    12-31-02Fidelity Savings Bank
       Pittsburgh, and First
       Pennsylvania Savings
       Association, Pittsburgh
       Surviving Institution--
       Fidelity Savings Bank, Pittsburgh
    PittsburghEffective
    1-1-03Glenmede Trust Company,
       Philadelphia, and Glenmede
       Trust Company, National
       Association, Philadelphia
       Surviving Institution--
       Glenmede Trust Company,
       National Association
    PhiladelphiaEffective
    1-1-03The Legacy Bank of Harrisburg,
       Harrisburg, and Northern
       State Bank, Towanda
       Surviving Institution--
       The Legacy Bank of Harrisburg
       with a change in corporate
       title to ''The Legacy Bank''
    HarrisburgEffective
    Branches Acquired via Merger
    120 West Fourth Street
    Williamsport
    Lycoming County
    422 North Elmira Street
    Sayre
    Bradford County

    Branch Applications

    DateName of Bank LocationAction
    6-22-01Royal Bank of Pennsylvania
    Narberth
    Montgomery County
    1650 Grant Avenue
    Philadelphia
    Philadelphia County
    Opened
    12-19-02Citizens Bank of
    Pennsylvania
    Philadelphia
    Philadelphia County
    1142 Northern Blvd.
    Clarks Summit
    Lackawanna County
    Opened
    1-6-03Farmers & Merchants Trust
       Company of Chambersburg
    Chambersburg
    Franklin County
    Menno-Haven Retirement
       Community
    2075 Scotland Avenue
    Chambersburg
    Franklin County
    Approved
    1-6-03Irwin Bank and Trust Company
    Irwin
    Westmoreland County
    Lots 4 and 6
    Triangle Drive
    Greensburg
    Westmoreland County
    Approved
    1-6-03Mid Penn Bank
    Millersburg
    Dauphin County
    One Lemoyne Plaza
    Lemoyne
    Cumberland County
    Application
    Withdrawn

    Branch Relocations

    DateName of Bank LocationAction
    12-20-02Northwest Savings Bank
    Warren
    Warren County
    To:999 S. Main Street
    Meadville
    Crawford County
    Filed
    From:932 Diamond Park
    Meadville
    Crawford County
    12-20-02Lebanon Valley Farmers
       Bank
    Lebanon
    Lebanon County
    Into:555 Willow Street
    Lebanon
    Lebanon County
    (Main Office)
    Effective
    From:9th and Cumberland Streets
    Lebanon
    Lebanon County
    12-30-02Citizens Bank of
       Pennsylvania
    Philadelphia
    Philadelphia County
    Into:128 N. Craig St.
    Pittsburgh
    Allegheny County
    Effective
    From:5th Avenue and Craig St.
    Pittsburgh
    Allegheny County

    Branch Discontinuances

    DateName of Bank LocationAction
    1-2-03First Commonwealth Bank
    Indiana
    Indiana County
    15 South Main Street
    Chambersburg
    Franklin County
    Filed
    1-2-03Citizens Bank of
       Pennsylvania
    Philadelphia
    Philadelphia County
    Five branch
    offices at the
    following locations:
    Approved
    Thriftway
    700 Downingtown Pike
    West Chester
    Chester County
    Redner's
    1661 Easton Road
    Warrington
    Bucks County
    Clemens
    170 Eagleview Blvd.
    Exton
    Chester County
    Village Square
    70 Commerce Drive
    Wyomissing
    Berks County
    Johnson Highway
    and Markley Street
    Norristown
    Montgomery County
    Note:  The previously-noted branches are presently branches of Commonwealth Bank, Norristown, except for the Norristown branch, and will be acquired by Citizens Bank as a result of the pending merger between the two banks.

    Voluntary Dissolution

    DateName of BankAction
    12-31-02Aris Trust Company
    State College
    Centre County
    Certification of Election for Voluntary Dissolution filed. Effective as of December 31, 2002.

    Articles of Amendment

    DateName of Bank PurposeAction
    12-31-02Sun Bank
    Selinsgrove
    Snyder County
    Amendment to Article II to change the principal place of business from 2-16 South Market Street, Selinsgrove, to 155 North 15th Street, LewisburgApproved
    Effective
    1-1-03

    SAVINGS INSTITUTIONS

    Conversion

    DateName of Association LocationAction
    12-31-02First Pennsylvania Savings
       Association
    Pittsburgh
    Allegheny
    PittsburghEffective
    Represents conversion from a State-chartered mutual savings association to a State-chartered permanent reserve fund stock savings association

    CREDIT UNIONS

    Consolidations, Mergers and Absorptions

    DateName of Credit Union LocationAction
    1-1-03Erie Insurance Exchange
       Credit Union, Erie, and
       GTE Erie Federal Credit
       Union, Erie
       Surviving Institution--
       Erie Insurance Exchange
       Credit Union
    ErieEffective

    PAUL H. WENTZEL, Jr.,   
    Acting Secretary

    [Pa.B. Doc. No. 03-88. Filed for public inspection January 17, 2003, 9:00 a.m.]


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